Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: BingX against Phemex−0.009%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$510.511% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 3 days (all we have)−0.247%−$25 · spread now −0.009%, 7d avg −0.092%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.083% dearer against Phemex than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.092%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,465.8 | 0.0100 | pay 0.0100% / 8h | 5h 53m | $3.9M | $5.2M | 50x |
| Short | BingX ZEC-USDC | 1,465.7 | 0.0100 | get 0.0100% / 8h | 5h 53m | — | $6.7M | — |
Phemex ZECUSDT
BingX ZEC-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.009% → −0.092%
- $8.27
- Slippage, 4 orders
- −$29.07
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$42.8
- Costs to cover
- 0.511%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; BingX: live order book, 14 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 6 min ago | 2.76 bp | 15.9 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 0.55 bp | 10.7 bp −$11 | 15.8 bp −$158 | 33.5 bp −$3,355 | 80.9 bp −$40.4K |
ZEC on 50 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZEC/USDC PERP | −0.3244% | 1h | 1,469.5 | +0.254% | $34K | $272K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0430% | 1h | 1,464 | −0.127% | $426K | $879K | 50x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,464.1 | −0.117% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0014% | 1h | 1,465.5 | −0.021% | $397K | $440K | 5x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,465.1 | −0.052% | $413K | $47K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,467.8 | +0.132% | $968K | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,465.6 | −0.018% | $84K | $249K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,466.3 | +0.034% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0034% | 8h | 1,465.8 | +0.001% | $293K | $983K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,466.2 | +0.030% | $383K | — | 100x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0074% | 1h | 1,462.9 | −0.196% | $4.6M | $1.4M | 10x | as long as short |
| Variational Omni ZEC | +0.0084% | 8h | 1,465.1 | −0.052% | $47.8M | $32.1M | — | as long as short |
| 01 Exchange ZECUSD | +0.0096% | 1h | 1,466.9 | +0.077% | $8K | $7K | 5x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,465.9 | +0.003% | $174K | $1.8M | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0098% | 8h | 1,465.2 | −0.042% | $180.6M | $1.24B | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,465.7 | −0.006% | $19K | $846K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.4 | +0.038% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,466.5 | +0.044% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,467.4 | +0.108% | $764.9M | $432.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,465.5 | −0.018% | $14.7M | $29.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466.4 | +0.043% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,465.9 | +0.007% | $677.1M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,465.3 | −0.038% | $271.4M | $604.1M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,462.6 | −0.222% | $888K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,466.3 | +0.035% | $50.1M | $170.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,465.7 | −0.007% | $215.5M | $768.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,466 | +0.016% | $103.1M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,465.4 | −0.028% | $162.8M | $275.5M | 75x | as long as short |
| BingX ZEC-USDCshort | +0.0100% | 8h | 1,465.7 | −0.009% | — | $6.7M | — | |
| edgeX ZECUSDC | +0.0100% | 4h | 1,461.8 | −0.274% | $569K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,465.9 | +0.008% | $3.0M | $430K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,464.6 | −0.083% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,465.7 | −0.008% | $342K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466.2 | +0.027% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,464.7 | −0.079% | $447K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,468.2 | +0.164% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.1 | +0.018% | $242K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,465.9 | +0.007% | $2.5M | $18.2M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,465.8 | long leg | $3.9M | $5.2M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.2 | +0.028% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,465.6 | −0.014% | $48K | $155K | 20x | as long as short |
| Lighter ZEC | +0.0152% | 1h | 1,467.1 | +0.091% | $19.2M | $45.8M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0152% | 1h | 1,466.8 | +0.070% | $612K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0162% | 1h | 1,466 | +0.012% | $2.4M | $3.8M | 15x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0194% | 1h | 1,466 | +0.012% | $18.0M | $43.7M | 25x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,467.9 | +0.140% | $698K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0288% | 1h | 1,467.6 | +0.125% | $2.1M | $6.8M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,466.6 | +0.056% | $849K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,467.9 | +0.141% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0730% | 1h | 1,467.1 | +0.091% | $43K | $46K | 10x | as long as short |
Phoenix ZEC
Variational Omni ZEC
01 Exchange ZECUSD
Popdex ZECUSDT
OKX ZEC-USDT-SWAP
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD